The government should launch a consultation before changing the property tax system, while they should avoid making small tweaks in the meantime. That is according to Sir Vince Cable, chair of the Independent Housing Policy and Delivery Oversight Committee. According to reports, Chancellor Rachel Reeves is considering altering property taxes in the Budget by getting rid of stamp duty and introducing a national property tax on homes worth over £500,000. The case for major reform of the whole property tax system – from Stamp Duty Land Tax to inheritance tax to council tax and VAT – is almost unarguable. To take just one example, putting National Insurance tax on landlords would be most likely to lead to higher rents for tenants.